HYPE is Mooning, Showing Strong Hands During Market Dip

**February 6th Market Brief** Per data from Coinbob Popular Address Monitor, spot silver posted a 15% intraday drop, hitting a low of $66. In this market shift, crypto influencer CBB (X handle: @Cbb0fe) moved quickly to adjust positions: he closed out all initial xyz:SILVER short positions, flipped to open a 3x leveraged long position on silver, and then added to the position repeatedly. As of now, CBB has partially closed roughly $1 million of his long positions. Key metrics: - Average entry price: ~$70.9 - Total position size: ~$15.65 million - Unrealized profit: ~$290,000 - Return: ~5% A seasoned trader and on-chain participant with ~100,000 X followers, CBB rose to prominence 25 years ago for publicly executing a hunt on a multi-billion-dollar BTC short whale. He now focuses on high-frequency commodity trading on Hyperliquid, primarily taking short positions.

Binance Wallet has announced the launch of the exclusive first-phase Booster event for Opinion on February 6, per official sources. Users participating in the multi-stage challenge can share up to 5,000,000 OPN airdrop rewards—with 3,000,000 OPN reserved for first-phase participants. The event requires a minimum of 61 Binance Alpha points to join; 5 points will be deducted upon participation. Rewards are subject to a lock-up period, and the unlocking date (set by the project team) will not be disclosed in advance.

On February 6th, alternative data shows the cryptocurrency Fear & Greed Index has fallen to 9—down from 12 yesterday—pushing the market deeper into "extreme fear." Note: The index ranges from 0 to 100, with components including: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s share of total market cap (10%), and Google Trends Analysis (10%).

On February 6, per data from Ashes Monitor, a whale with an ETH borrowing position on Spark began selling ETH at $2,050 last night to cut losses. Following a night of loss-cutting, the whale sold 27,800 ETH to repay a $44.14 million USDT loan. Post this round of loss-cutting, the whale still holds 9,810 ETH on Spark (worth ~$18.66 million), has borrowed 12.83 million DAI, and the liquidation price of its remaining position has fallen from $1,800 yesterday to $1,560 now.

February 6th — Per monitoring from HyperInsight (https://t.me/HyperInsight), the address linked to "Brother Ma Ji" Huang Licheng has just synced, showing an expansion of long positions in ETH and HYPE. Current positions: - 500 ETH long (25x leverage) with an unrealized loss of $18,000 - 25,000 HYPE long (10x leverage) with an unrealized gain of $34,000

On February 6th, LookOnChain data indicates a newly created wallet that opened a long position on ETH four days ago was fully liquidated six hours ago, resulting in a loss of over $4 million.